Sheffield Corp, had the following transactions during the current period. Mar 2 June 12 Issued...
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Sheffield Corp, had the following transactions during the current period. Mar 2 June 12 Issued 5,700 shares of $5 par value common stock to attorneys in payment of a bill for $34,200 for services performed in helping the company to incorporate. Issued 68,000 shares of $5 par value common stock for cash of $425,000. Issued 1,400 shares of $100 par value preferred stock for cash at $111 per share. Purchased 1,500 shares of treasury stock for $60,000. July 11 Nov. 28 Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit
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